DXNLX vs. SPY
Compare and contrast key facts about Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and SPDR S&P 500 ETF (SPY).
DXNLX is managed by Direxion. It was launched on Mar 31, 2016. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DXNLX or SPY.
Correlation
The correlation between DXNLX and SPY is 0.89, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DXNLX vs. SPY - Performance Comparison
Key characteristics
DXNLX:
1.48
SPY:
2.21
DXNLX:
1.99
SPY:
2.93
DXNLX:
1.27
SPY:
1.41
DXNLX:
1.97
SPY:
3.26
DXNLX:
6.81
SPY:
14.43
DXNLX:
4.89%
SPY:
1.90%
DXNLX:
22.50%
SPY:
12.41%
DXNLX:
-47.71%
SPY:
-55.19%
DXNLX:
-4.54%
SPY:
-2.74%
Returns By Period
In the year-to-date period, DXNLX achieves a 30.79% return, which is significantly higher than SPY's 25.54% return.
DXNLX
30.79%
3.54%
8.80%
31.38%
18.63%
N/A
SPY
25.54%
-0.42%
8.90%
25.98%
14.66%
12.97%
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DXNLX vs. SPY - Expense Ratio Comparison
DXNLX has a 1.19% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
DXNLX vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) and SPDR S&P 500 ETF (SPY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
DXNLX vs. SPY - Dividend Comparison
DXNLX's dividend yield for the trailing twelve months is around 0.16%, less than SPY's 0.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DXNLX Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 0.16% | 0.00% | 0.00% | 0.00% | 4.35% | 63.94% | 0.42% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 0.86% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
DXNLX vs. SPY - Drawdown Comparison
The maximum DXNLX drawdown since its inception was -47.71%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for DXNLX and SPY. For additional features, visit the drawdowns tool.
Volatility
DXNLX vs. SPY - Volatility Comparison
Direxion Monthly NASDAQ-100 Bull 1.25X Fund (DXNLX) has a higher volatility of 6.60% compared to SPDR S&P 500 ETF (SPY) at 3.72%. This indicates that DXNLX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.